NASDAQ$PSEC
Prospect Capital Corp · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Prospect Capital Corp reported Q4 2025 results with net investment income of $79.0 million and a net loss applicable to common shareholders of $226.4 million.
Prospect Capital Corporation announced financial results for the fiscal quarter and year ended June 30, 2025. The company generated quarterly net investment income of $79.0 million ($0.17 per share) while reporting a net loss applicable to common shareholders of $226.4 million ($(0.50) per share) due to realized and unrealized investment losses. Full-year net investment income reached $338.8 million with a net loss applicable to common shareholders of $593.8 million.
- Q4 NII of $79.0 million ($0.17/share) declined from $102.9 million ($0.25/share) in Q4 2024.
- Portfolio shifted toward first lien senior secured loans (70.5% at cost, up 642 bps YoY) while exiting subordinated structured notes (now 0.6% at cost).
- NAV per share fell to $6.56 from $8.74 year-over-year amid net realized and unrealized losses.
- Declared monthly distributions of $0.045 per share for September and October 2025; cumulative distributions since inception total $21.66 per share.
Headline financials
Revenue & EPS history
Prospect Capital · Revenue · Quarterly
$167M
Revenue by segment
Prospect Capital · $167M total across 3 segments · Q4 2025
- Interest Income$158M—94.9%
- Other Income$6.25M—3.7%
- Dividend Income$2.25M—1.4%
Forward guidance
Management continues rotating the portfolio into first lien senior secured middle-market loans while exiting subordinated structured notes and selected equity-linked assets.
Tailwinds
- First lien mix increased 642 bps YoY to 70.5% at cost.
- Subordinated structured notes reduced to 0.6% at cost.
- Exited 52 real estate properties since 2012 with 24.0% unlevered gross cash IRR.
Headwinds
- NAV per share declined to $6.56 from $8.74 YoY.
- Non-accrual loans at cost rose to 4.0% of total assets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+0.4%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+0.3%
Avg return
30 days after
56%
24 / 43 earnings
Positive
+10.7%
Q1 2024
Best reaction
-16.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -9.9% | -17.9% | -18.6% | |
| Q2 2026 | +10.3% | +16.9% | +1.5% | |
| Q1 2026 | +0.4% | +12.2% | +5.1% | |
| Q4 2025 | +2.5% | +5.3% | -7.8% | |
| Q3 2025 | -1.9% | +0.8% | -10.2% | |
| Q2 2025 | -1.0% | +3.8% | +0.7% | |
| Q1 2025 | -16.3% | -18.2% | -13.4% | |
| Q4 2024 | -1.8% | +2.8% | +4.3% | |
| Q3 2024 | +3.6% | +4.0% | +6.3% | |
| Q1 2024 | +10.7% | +3.9% | +7.9% | |
| Q4 2023 | +1.0% | +0.7% | +0.8% | |
| Q3 2023 | -1.7% | -4.7% | -0.9% | |
| Q2 2023 | -0.7% | +1.7% | -9.7% | |
| Q1 2023 | +0.8% | +2.5% | -2.2% | |
| Q3 2022 | -1.2% | -1.8% | -0.8% | |
| Q2 2022 | +2.0% | -1.0% | -4.3% | |
| Q1 2022 | +6.9% | +6.3% | +2.2% | |
| Q3 2021 | -2.0% | -1.5% | +12.6% | |
| Q2 2021 | +4.9% | +8.0% | +11.2% | |
| Q1 2021 | +4.2% | +3.2% | +9.3% | |
| Q4 2020 | -0.8% | -1.4% | -2.3% | |
| Q3 2020 | +5.9% | +8.1% | +36.0% | |
| Q2 2020 | -0.5% | -0.6% | -27.6% | |
| Q1 2020 | -0.6% | +1.4% | +1.7% | |
| Q4 2019 | -5.4% | -4.4% | +0.5% | |
| Q3 2019 | -0.6% | -1.3% | -4.0% | |
| Q2 2019 | -4.6% | -7.9% | -5.6% | |
| Q1 2019 | +2.7% | +3.7% | -0.7% | |
| Q4 2018 | +2.8% | +4.5% | +2.6% | |
| Q3 2018 | +1.6% | +2.9% | +6.8% | |
| Q2 2018 | +3.3% | +8.4% | +4.6% | |
| Q1 2018 | -4.9% | +1.9% | +14.4% | |
| Q4 2017 | -3.8% | -6.0% | -6.5% | |
| Q3 2017 | -6.8% | -12.5% | -13.0% | |
| Q2 2017 | +3.5% | +6.6% | +4.6% | |
| Q1 2017 | +0.8% | +3.3% | +8.5% | |
| Q4 2016 | +2.0% | +0.4% | -3.2% | |
| Q3 2016 | +1.8% | — | — | |
| Q2 2016 | +2.5% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2015 | +7.1% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2014 | +0.1% | — | — |
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